China Carbon Neutral Says Issuance Delays Explain HK$ 58.7 Million Carbon Asset Overstatement

• China Carbon Neutral Development Group on Nov. 4, 2026, attributed its approximately HKD 58.7 million carbon-credit asset overstatement to delayed VCU issuance.
• The overstatement affected interim reporting for the 12 months ended Dec. 31, 2023; the board did not dispute the exchange’s findings.
• A HKD 30 million mainland acquisition completed in March 2024 was disclosed late because staff misunderstood disclosure requirements, according to the clarification.
• Carbon-credit assets will now be recognized only upon actual crediting to the Verra Registry, with external auditors reviewing recognition timing.
• Revised transaction controls authorize compliance staff to suspend completion pending an announcement; external legal advice on disclosure obligations will be mandatory.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Carbon Neutral Development Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261104-12400840), on November 04, 2026, and is solely responsible for the information contained therein.